Average Car Payment 2024 America 2024

Average Car Payment 2024 America 2024. One of the primary reasons for the increase in car payments is simply higher car prices. The average monthly payment for new car loans has grown to $716, up from $646 and $578 in q4 2021 and q4 2020, respectively [3].

On the other hand, a number of popular vehicles cost $5,000 to $10,000 more than they did in 2022. In america, the average monthly payment for a new car is $726, based on the most recent experian data.